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Information
Real estate advance payment guarantee
Real estate advance payment guarantee
VIB commits to fulfill financial obligations on behalf of the project's owner when the deadline of project delivery is broken and owner has unability to repay
Regulatory compliance
Complying with legal regulations on real estate business.
Refund advance payment
VIB on behalf of the project owner to repay to the house buyer the advance amount if the project owner does not hand over the house according to the committed schedule.
Protect buyer
Protect the rights of house buyers in appraising the projects, business capabilities and project liquidity.
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Features
Customer
Corporate customers are the real estate project owners
Condition
- The real estate projects have been eligible for sale in accordance with the law.
- Collateral is the real estate projects or other assets accepted by VIB.
Loan to value
Guarantee amount up to 70% value of the house contract
Tenor
Guarantee period is valid until at least 30 days after the expected handover of the house.
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